Announcement • May 01
Asseco Business Solutions S.A., Annual General Meeting, May 27, 2026 Asseco Business Solutions S.A., Annual General Meeting, May 27, 2026, at 11:00 Central European Standard Time. Announcement • Apr 04
Asseco Business Solutions S.A., Annual General Meeting, Apr 29, 2025 Asseco Business Solutions S.A., Annual General Meeting, Apr 29, 2025. Buy Or Sell Opportunity • Nov 05
Now 20% undervalued Over the last 90 days, the stock has risen 3.7% to €12.50. The fair value is estimated to be €15.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.2%. Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: zł0.83 (vs zł0.77 in 3Q 2023) Third quarter 2024 results: EPS: zł0.83 (up from zł0.77 in 3Q 2023). Revenue: zł101.6m (up 4.1% from 3Q 2023). Net income: zł27.7m (up 7.4% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Buy Or Sell Opportunity • Oct 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to €12.35. The fair value is estimated to be €15.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.7%. Buy Or Sell Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to €13.05. The fair value is estimated to be €16.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.7%. Buy Or Sell Opportunity • Aug 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to €12.85. The fair value is estimated to be €16.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.7%. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: zł0.69 (vs zł0.58 in 2Q 2023) Second quarter 2024 results: EPS: zł0.69 (up from zł0.58 in 2Q 2023). Revenue: zł101.5m (up 16% from 2Q 2023). Net income: zł23.1m (up 19% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 04
Now 20% undervalued Over the last 90 days, the stock has risen 7.3% to €14.05. The fair value is estimated to be €17.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.0%. Upcoming Dividend • Jun 27
Upcoming dividend of zł2.60 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 16 July 2024. Payout ratio and cash payout ratio are on the higher end at 88% and 81% respectively. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%). Buy Or Sell Opportunity • May 31
Now 22% undervalued Over the last 90 days, the stock has risen 8.6% to €13.30. The fair value is estimated to be €17.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.0%. Buy Or Sell Opportunity • Apr 29
Now 21% undervalued Over the last 90 days, the stock has risen 14% to €13.60. The fair value is estimated to be €17.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.0%. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: zł0.72 (vs zł0.61 in 1Q 2023) First quarter 2024 results: EPS: zł0.72 (up from zł0.61 in 1Q 2023). Revenue: zł99.8m (up 12% from 1Q 2023). Net income: zł24.0m (up 18% from 1Q 2023). Profit margin: 24% (up from 23% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: zł2.84 (vs zł2.55 in FY 2022) Full year 2023 results: EPS: zł2.84 (up from zł2.55 in FY 2022). Revenue: zł380.5m (up 12% from FY 2022). Net income: zł95.0m (up 11% from FY 2022). Profit margin: 25% (in line with FY 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 14
Asseco Business Solutions Appoints Wojciech Barczentewicz as CEO Asseco Business Solutions' supervisory board appointed Wojciech Barczentewicz as the new CEO. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: zł0.77 (vs zł0.64 in 3Q 2022) Third quarter 2023 results: EPS: zł0.77 (up from zł0.64 in 3Q 2022). Revenue: zł97.6m (up 18% from 3Q 2022). Net income: zł25.8m (up 21% from 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Software industry in Germany. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: zł0.58 (vs zł0.51 in 2Q 2022) Second quarter 2023 results: EPS: zł0.58 (up from zł0.51 in 2Q 2022). Revenue: zł87.5m (up 12% from 2Q 2022). Net income: zł19.5m (up 13% from 2Q 2022). Profit margin: 22% (in line with 2Q 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Upcoming Dividend • May 31
Upcoming dividend of zł2.30 per share at 5.6% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 21 June 2023. Payout ratio and cash payout ratio are on the higher end at 87% and 84% respectively. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%). Announcement • May 09
Asseco Business Solutions S.A., Annual General Meeting, May 31, 2023 Asseco Business Solutions S.A., Annual General Meeting, May 31, 2023, at 12:30 Central European Standard Time. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: zł2.55 (vs zł2.41 in FY 2021) Full year 2022 results: EPS: zł2.55 (up from zł2.41 in FY 2021). Revenue: zł338.5m (up 10% from FY 2021). Net income: zł85.3m (up 5.8% from FY 2021). Profit margin: 25% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Software industry in Germany. Buying Opportunity • Jan 18
Now 21% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be €9.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 6.6%. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 16% share price gain to €7.10, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 19x in the Software industry in Germany. Total loss to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €11.00 per share. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: zł0.64 (vs zł0.56 in 3Q 2021) Third quarter 2022 results: EPS: zł0.64 (up from zł0.56 in 3Q 2021). Revenue: zł82.8m (up 11% from 3Q 2021). Net income: zł21.3m (up 14% from 3Q 2021). Profit margin: 26% (in line with 3Q 2021). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: zł0.51 (vs zł0.50 in 2Q 2021) Second quarter 2022 results: EPS: zł0.51 (up from zł0.50 in 2Q 2021). Revenue: zł78.1m (up 11% from 2Q 2021). Net income: zł17.2m (up 3.5% from 2Q 2021). Profit margin: 22% (down from 24% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.9%, compared to a 7.8% growth forecast for the industry in Germany. Buying Opportunity • Jun 11
Now 23% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be €11.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.6%. Upcoming Dividend • Jun 02
Upcoming dividend of zł2.12 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 23 June 2022. Payout ratio and cash payout ratio are on the higher end at 87% and 76% respectively. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.0%). Buying Opportunity • May 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be €10.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 8.6%. Announcement • May 06
Asseco Business Solutions S.A., Annual General Meeting, May 31, 2022 Asseco Business Solutions S.A., Annual General Meeting, May 31, 2022, at 12:00 Central European Standard Time. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: zł0.53 (vs zł0.49 in 1Q 2021) First quarter 2022 results: EPS: zł0.53 (up from zł0.49 in 1Q 2021). Revenue: zł77.0m (up 6.2% from 1Q 2021). Net income: zł17.6m (up 7.6% from 1Q 2021). Profit margin: 23% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 6.6%, compared to a 14% growth forecast for the industry in Germany. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł2.41 (up from zł2.29 in FY 2020). Revenue: zł307.4m (up 9.0% from FY 2020). Net income: zł80.6m (up 5.6% from FY 2020). Profit margin: 26% (in line with FY 2020). Revenue was in line with analyst estimates. Buying Opportunity • Feb 11
Now 21% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be zł11.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% per annum over the last 3 years. Earnings per share has grown by 10% per annum over the last 3 years. Buying Opportunity • Jan 26
Now 22% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be zł10.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% per annum over the last 3 years. Earnings per share has grown by 10% per annum over the last 3 years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS zł0.56 (vs zł0.47 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: zł74.7m (up 17% from 3Q 2020). Net income: zł18.8m (up 19% from 3Q 2020). Profit margin: 25% (in line with 3Q 2020). Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS zł0.50 (vs zł0.47 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł70.3m (up 9.2% from 2Q 2020). Net income: zł16.6m (up 5.7% from 2Q 2020). Profit margin: 24% (in line with 2Q 2020). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS zł0.49 (vs zł0.46 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: zł72.5m (up 8.4% from 1Q 2020). Net income: zł16.4m (up 5.4% from 1Q 2020). Profit margin: 23% (in line with 1Q 2020).